Global hard drive supply chains set to recover later this year
ProcurementLeaders.com - Apr 4th 2012, 08:23
Global hard drive supply chains will be restored to full operation in the second half of this year after last yearâ€™s flood catastrophe
IDC estimates that after worldwide hard disk drive (HDD) unit shipments experienced a year-over-year decline of 4.5% in 2011, due mainly to the Thai natural flooding disaster.
Although efforts to clean and repair flooded factory buildings and equipment will take most of the first half of 2012, HDD and HDD component production is expected to return to preflood output levels in the second half of this year, according to a new IDC forecast.
The analyst company noted that, due to the imbalance in supply and demand that resulted from the Thailand floods, HDD prices have moved higher in recent months. HDD vendors are taking advantage of this opportunity to reset prices and recover some of the excessive price erosion that began in 2009.
"In many respects, the hard disk drive industry has collectively hit the â€™resetâ€™ button," said John Rydning, research vice president, Hard Disk Drives at IDC.
While PCs will continue to represent the largest market for HDDs in terms of unit shipments, revenue derived from HDDs shipped for PCs is projected to decline over the next five years.
In contrast, HDD demand from personal storage, entry-level storage, and enterprise applications (combined) is increasing, according to the IDC study, Worldwide Hard Disk Drive 2012-2016 Forecast: The Industry Hits the Reset Button.
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